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  1. #11
    Senior Investor Inscrutable's Avatar
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    Not trying to get anyone down but while you are all on the topic of reprint I think you should have an Arabic reader instead of a google translator read this article as it clearly states that there will be a reprint that will be added to the market.


    جريدة الصباح الجديد - مصدر مسؤول في البنك المركزي: الهدف من المزاد اليومي الحفاظ على استقرار قيمة الدينار العراقي

  2. #12
    Senior Member Onenomad's Avatar
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    According to an official source at the Central Bank of Iraq in response to a question from the representative of the new "morning" The source added : there is no intention at this time to change the Iraqi currency is expected that the issuance of new categories of transactions,(The smaller denom) and according to the requirements of the Iraqi economy to meet the expenses of the state in the next stage.

    and then........

    Central Bank had granted banking licenses of many Arab and foreign banks, whether licensing NTSB open a branch in Iraq or the establishment of a banking entity, It was also the opening of representation offices. This is the beginning of cooperation and openness to the world towards the revitalization of the economy in the country

    Sorry I didnt get that from your article looks to me like NO reprint and they want to go back to be a world financial player.
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  3. #13
    Senior Investor Inscrutable's Avatar
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    Quote Originally Posted by Onenomad View Post
    According to an official source at the Central Bank of Iraq in response to a question from the representative of the new "morning" The source added : there is no intention at this time to change the Iraqi currency is expected that the issuance of new categories of transactions,(The smaller denom) and according to the requirements of the Iraqi economy to meet the expenses of the state in the next stage.

    and then........

    Central Bank had granted banking licenses of many Arab and foreign banks, whether licensing NTSB open a branch in Iraq or the establishment of a banking entity, It was also the opening of representation offices. This is the beginning of cooperation and openness to the world towards the revitalization of the economy in the country

    Sorry I didnt get that from your article looks to me like NO reprint and they want to go back to be a world financial player.
    Sure if you use google to translate and selective highlight.

    The source added : there is no intention at this time to change the Iraqi currency is expected that the issuance of new categories of transactions,

    Here's how it was explained to me.

    When they say no intention to change it is in reference to the auction policy.
    New denominations are what is refered to when it is said new categories. Maybe it will not affect us but there is a reprint of new denominations as it was explained to me.
    Last edited by Inscrutable; 01-11-2006 at 12:20 AM.

  4. #14
    Can read but not post. motomachi's Avatar
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    Wink Arabic Site to English on the bottom!

    Quote Originally Posted by Inscrutable View Post
    Not trying to get anyone down but while you are all on the topic of reprint I think you should have an Arabic reader instead of a google translator read this article as it clearly states that there will be a reprint that will be added to the market.

    جريدة الصباح الجديد - مصدر مسؤول في البنك المركزي: الهدف من المزاد اليومي الحفاظ على استقرار قيمة الدينار العراقي
    Economics: official source at the Central Bank : the aim of the auction, the daily maintenance of the stability of the value of the Iraqi dinar

    :Baghdad : al-Basil
    The Iraqi Central Bank to sell the American dollar against the Iraqi dinar through a daily auction exhibit, since this auction is a tool for achieving stability in the value of the Iraqi dinar by defending the exchange rate stable for a long period, which reflected the general level of prices.

    According to an official source at the Central Bank of Iraq in response to a question from the representative of the new "morning" The source added : there is no intention at this time to change the Iraqi currency is expected that the issuance of new categories of transactions, and according to the requirements of the Iraqi economy to meet the expenses of the state in the next stage.

    Regarding future plans to address the debt Iraqi source said that Iraq signed agreements with the Paris Club countries to address its debts by reducing 80% of the debt.

    As for the restoration of Iraq's financial position and economic cooperation between the countries of the world, the legal duration of the source indicated that Iraq started to restore its economic and financial gradually since that depends on the internal stability of the country and this site will be enhanced activation of the investment law, and the evolution of the security situation.

    As for the supervision of the domestic banking activity in Iraq by the Central Bank and reform of the source pointed out that the Central Bank is supervising the local banking activity and as stated in Article (40) of the Central Bank Act No. 56 of 2004 as well as through the Banking Act No. 94 of 2004 as e a bank related to the activities of banks towards the enhancement of their role in the implementation of monetary policy in particular through channeling the savings to the various aspects of investment, so as to achieve economic growth. On the other hand source said that the Central Bank had granted banking licenses of many Arab and foreign banks, whether licensing NTSB open a branch in Iraq or the establishment of a banking entity, It was also the opening of representation offices. This is the beginning of cooperation and openness to the world towards the revitalization of the economy in the country.

    Translated version of http://www.newsabah.com/paper.php?name=News&file=article&sid=22813

  5. #15
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    Quote Originally Posted by Onenomad View Post
    According to an official source at the Central Bank of Iraq in response to a question from the representative of the new "morning" The source added : there is no intention at this time to change the Iraqi currency is expected that the issuance of new categories of transactions,(The smaller denom) and according to the requirements of the Iraqi economy to meet the expenses of the state in the next stage.

    and then........

    Central Bank had granted banking licenses of many Arab and foreign banks, whether licensing NTSB open a branch in Iraq or the establishment of a banking entity, It was also the opening of representation offices. This is the beginning of cooperation and openness to the world towards the revitalization of the economy in the country

    Sorry I didnt get that from your article looks to me like NO reprint and they want to go back to be a world financial player.


    Acouple days ago we did disect this article... and it was concluded that
    it did refer to the smaller notes that are not yet circulating... and a on going request has been made to share any news regarding the smaller notes as this would be a important key or clue as to how close we are to a rv.. there are plane loads of dinar being held in other countrys right now.. and oil deals being made on those dinar.. would trigger major problems if they became worthless... :)

  6. #16
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    Quote Originally Posted by Alphamystic View Post
    Gang,

    Disclaimer: Please don't rip me apart as this is only info that I've come across and I will relate all that I have - Don't shoot the messenger. (Sorry, I'm use to having to defend myself from the other forum)

    As some my know, I've just started with a new company a week ago. I just found out that one of my co-workers is an Iraqi. He has family in Iraq that also have a business.

    I asked him what his thoughts were on the Dinar and he looked at me and laughed. He said "I hope you didn't buy any of that". When I asked him why, he said that it is worthless and that he just gave away - for free - several million.

    I ask him if it was the old Saddam Dinar or the new and he said the new. I then asked why he didn't think anything was going to happen with it and he said - and I quote:

    "Because the Dinar that it out right now is temporary". I then asked what did he mean? He said "The Dinar that is out is only so they can continue to do business for now. There is a new set of DInar in Switzerland that will come out when things settle down".
    Now, I've only just meet him so I don't know how creditable he is yet but he said that he'll prove to me that it's worthless by giving me a couple million.

    I'll try to find out more (and to see if he's pulling my leg) and as soon as I get more info I'll post it.

    Keep in mind I'm on the Pacific Coast and I'm still at work (I don't get off till 9pm) so I'll only be able to reply sporadically so be patiant and I'll get back to and post if I get any more info soon.
    Well my very first thought reading this was of the lower denominations. They are using the higher denominations now to do business and when the lower ones come out (from Switzerland) then the higher denominations will be fazed out. Just like we still have $500 $1000 etc.. but you never see them, doesn't mean they don't exist. They are used for the BIG TIMERS to handle LARGE transactions. Maybe your friend isn't aware of the lower denominations, just like we ourselves can find NOTHING about them. If thats the case then I can see how he would think the way he thinks. If I were you i'd say.............PROVE IT THEN!!!

    Cheers!
    DayDream

  7. #17
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    Quote Originally Posted by Inscrutable View Post
    Not trying to get anyone down but while you are all on the topic of reprint I think you should have an Arabic reader instead of a google translator read this article as it clearly states that there will be a reprint that will be added to the market.


    جريدة الصباح الجديد - مصدر مسؤول في البنك المركزي: الهدف من المزاد اليومي الحفاظ على استقرار قيمة الدينار العراقي
    Lets hope so....small denoms.

  8. #18
    Senior Investor MOM2TWO's Avatar
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    Question so what is your plan?

    Quote Originally Posted by Inscrutable View Post
    Sure if you use google to translate and selective highlight.

    The source added : there is no intention at this time to change the Iraqi currency is expected that the issuance of new categories of transactions,

    Here's how it was explained to me.

    When they say no intention to change it is in reference to the auction policy.
    New denominations are what is refered to when it is said new categories. Maybe it will not affect us but there is a reprint of new denominations as it was explained to me.
    Hi, I am just curious what your plan is, now that our currency is worthless? Are you still hoping that this will change, or is your investment on ebay?? lol Just worried sick here in TX!!

  9. #19
    Investor Alphamystic's Avatar
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    Quote Originally Posted by DayDream View Post
    Well my very first thought reading this was of the lower denominations. They are using the higher denominations now to do business and when the lower ones come out (from Switzerland) then the higher denominations will be fazed out. Just like we still have $500 $1000 etc.. but you never see them, doesn't mean they don't exist. They are used for the BIG TIMERS to handle LARGE transactions. Maybe your friend isn't aware of the lower denominations, just like we ourselves can find NOTHING about them. If thats the case then I can see how he would think the way he thinks. If I were you i'd say.............PROVE IT THEN!!!

    Cheers!
    DayDream
    You have a very good point here. I will try to gain more info from him but we are both bogged down with customers.

    As far as him proving it, like I said, he told me he would GIVE me a couple million. If he does I can then see if they are the correct type of Dinar and see if what he's saying is true. I'm still scepticle because what he has been saying doen't mesh with what we've been finding in the news lately - We'll see soon enough I'm sure.

    I really hope he's pulling my leg. I've had too many up's and down's only to find out I'm gonna crash and burn.
    “Don't be distracted by criticism. The only taste of success some people have, is when they take a bite out of you.”

    Got woOOot?

  10. #20
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    Quote Originally Posted by MOM2TWO View Post
    Hi, I am just curious what your plan is, now that our currency is worthless? Are you still hoping that this will change, or is your investment on ebay?? lol Just worried sick here in TX!!

    i would not say they are worthless off of one rumor we just heard ,just wait a few days before you get worried im sure more good news will keep on coming.

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